More small businesses and consumers also turned to bankruptcy in the first nine months of 2023, per Epiq and the American Bankruptcy Institute.
Updates to Retail Dive’s bankruptcy tracker have been numerous in 2023 so far, with the all-important holiday quarter left to go.
High-profile retail filings in the first nine months of the year have included David’s Bridal, Bed Bath & Beyond and Party City, and 11 more retailers may be on the brink.
While the numbers of both commercial and individual filings remain below pre-pandemic levels, the increase so far this year is a sign that challenges, including expanding debt, are building, according to American Bankruptcy Institute Executive Director Amy Quackenboss.
“Struggling individuals and companies have an established lifeline through bankruptcy to help steady themselves amid rising interest rates, inflation and increased borrowing costs,” Quackenboss said in a statement.
Bidenomics
ALL on the TRAITOR !!!!!!
Thanks to obiden and all you blind obiden voters. You all should be proud that you have damn near destroyed the greatest country in the world. One more bogus election and your mission will be accomplished. However the good thing though, is that if your dumbass is not part of the elite, you will be suffering just like the rest of us. Smart !!!!
Chap 7 is alot More baby !!!!! Record Numbers !!!